6 Best Hard Money Lenders in Nevada


Hard money lenders in Nevada are viable solutions for investors looking to fund investment properties or other private capital projects.

Key Terms

  • A hard money loan is an asset-based private money loan used to purchase high risk real estate, including fix and flip, new construction, rental properties, and commercial real estate development.
  • Many hard money loans are short-term financing ideal for investors who need funds to buy real estate quickly.
  • Hard money lenders are investment firms and private money lenders who specialize in these types of real estate loans in Nevada.

Nevada is a western state located near California, Arizona, and Idaho. It’s a large state, though about 3/4th of the people who live in the state live in Clark County. Much of the remaining area is desert or agricultural areas. The Las Vegas – Paradise Metro area is the largest in the state and includes Las Vegas and Carson City, two of the largest cities in the state. Nevada is known for many things, including its American Indian heritage, Spanish cultural influences, and Las Vegas and Reno’s nightlife and casinos. It’s home to over 3.1 million people. While tourism is a large part of its economy, the state also has strong mining, cattle ranching, and energy industries. It’s a location where people come to vacation, to over-winter, and do business. With its beautiful landscape and diverse economy, it can be one of the best places to live for many.

Due to the demand for real estate here, Nevada’s housing market is competitive and more expensive than many other areas of the country. The median price of a home for sale here is $495,000, according to the Las Vegas Realtors Association. The area is diverse, with numerous suburban areas and more urban areas. It’s home to numerous luxury properties and estates, as well as multi-family condos and apartment communities. For those planning to purchase real estate here, it can be competitive as home prices continue to rise year over year.

A significant number of people rent their homes here, including those who live in Nevada during the winter months or own vacation property. The U.S. Census Bureau states that 67.9% of people own their homes in Nevada and 32.1% rent them. Of the rentals in the state, 5.4% of them are vacant. That could mean there is some room for purchasing new investment properties to use as short term rentals, long term rentals, or flips.

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How hard money loans work in Las Vegas

It is not uncommon for investors in Nevada to turn to hard money loans to help cover the costs of investment properties here. Hard money loans are a type of asset-based loan. That means the value of the property helps secure the loans as collateral. If the borrower stops making the required payments, the lender has the legal right to pursue foreclosure to force the sale of the home to recoup its investment within it. That helps to provide hard money lenders in Nevada some level of protection and risk reduction on what are often highly risk residential properties.

Often, hard money loans are used to cover the purchase of high-risk properties. This may include fix and flip homes, construction loans, rental income properties, and commercial real estate. They can also be bridge loans for high-risk properties and unproven borrowers who need some help buying now when other banks and credit unions do not approve the loan. Most often, these are short-term loans that last between 1 and 5 years, allowing the lender to get its money back sooner and providing enough time for the borrower to refinance the loan or to sell the property.

Hard money loans in Nevada can be competitive, but they tend to have high interest rates ranging from 8 to 15 percent. Many factors impact whether or not borrowers will qualify for these loan rates, including down payment availability, credit scores, and experience in the rental market. Often, lenders will need insight into the viability of renting these properties as well as the value of the property after repairs are made. Many factors contribute to whether or not lenders will offer these loans on high-risk real estate.

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6 Top Nevada hard money lenders

If you’re in the market for a real estate investment project in Nevada, consider these hard money lenders that are available for projects in the state.

1. NV Capital Corporation

NV Capital Corporation got it start by commercial bankers looking to get involved in private money lending transactions in Nevada. They provide industrial park loans, commercial hard money loans, construction loans, bridge loans, cannabis real estate loans and more.

We contacted NV Capital Corporation to learn more about their private lending business and here are some of the highlights:

  • Offers a variety of short term and loan term loans to fit project timeline
  • Can finance a wide variety of properties

When you’re ready to connect with a loan officer, use our form to quickly match with eligible loan programs based on your specific circumstances.

2. Lantzman Lending

Lantzman Lending is a direct hard money lender serving the state of Nevada. Started by Marc Lantzman and Justin Lantzman, they offer fix and flip, construction and commcerial loans, and probate, trust and estate loans.

We contacted Lantzman Lending to learn more about their private lending business and here are some of the highlights:

  • Experience level, cash reservers, credit-to-debt ratio and ability to repay are all factors in reviewing deals.
  • Foreclosure ok
  • Equity must important factor
  • For fix and flip, can finance up to 8% of purchase price plus 100% of the rehab and construction costs
  • For construction loans, can finance up to 100% of construction loan amounts so long as loan amount not to exceed 65% of finished value of property

When you’re ready to connect with a loan officer, use our form to quickly match with eligible loan programs based on your specific circumstances.

3. Stratton Equities

Stratton Equities is a nationwide direct hard money lender for real estate investors. Founded by Michael Mikhail in 2017, Stratton Equities has over five years of experience in the private lending market.

We reached out to Stratton Equities to get more information about their hard money lending program and here are some highlights:

  • Loan amounts from $100,000 up to $5 million
  • Investment properties only
  • Single-Family, Condos, Townhomes, Multi-Family, Commercial, Mixed-Use, Office, Retail, Industrial and Warehouse are all ok
  • Up to a 75% LTV
  • Rates start at 7.25%
  • Interest only payments
  • Loan terms are 9-24 months
  • Foreign nationals are eligible
  • No prepayment penalty option is available

When you’re ready to connect with a loan officer, use our form to quickly match with eligible loan programs based on your specific circumstances.

4. HouseMax Funding

HouseMax Funding is based out of Austin, Texas but has a national footprint when it comes to real estate industry lending. Started by Jeff Fetcher and Alex Morris, HouseMax provides asset-based loan financing to investors for real estate transactions.

We reached out to HouseMax to learn more about their hard money lending program and here is what we found:

  • Minimum loan amount is $75,000
  • Lends up to 75% of the after-repair value (APV)
  • 1-3 points origination charge
  • 3 months reserves required
  • Direct lender that approves loans internally and funds using their own private capital.
  • Lends in urban and suburban communities in all 50 states.
  • Goal is to close loans in 10 days or less.
  • Specializes in fix & flip loans, construction and rental loans
  • Multi-family and commercial properties are ok

When you’re ready to connect with a loan officer, use our form to quickly match with eligible loan programs based on your specific circumstances.

5. LendSimpli

LendSimpli is a hard money lender based in Tampa, Florida. They can lend nationally in most states but may not be able to lend if the property is in a rural area. Founded by Brenden Crampton and Matthew Davies in 2018, they have nearly four years of experience in the private lending real estate investing market.

We reached out to LendSimpli to get more details about their bridge loan product and this is what we found:

  • Loan amounts up to $5 million for 1-4 unit properties
  • Loan amounts up to $20 million for 5+ unit properties
  • Single family (1-4 units)
  • Multifamily (5-20 units)
  • No owner-occupied properties
  • Loan terms 12-24 months
  • Interest-only payments with rates starting at 8.50%
  • Max LTC is 90% of project costs
  • Minimum credit score is 660
  • Prefer that you have at least two transactions in the past three years

When you’re ready to connect with a loan officer, use our form to quickly match with eligible loan programs based on your specific circumstances.

6. Easy Street Capital

East Street Capital is based in Austin, Texas but lends nationwide except in North and South Dakota. Founded by Stephen Hagerman in 2016, Easy Street Capital has over six years of experience in the real estate investing world.

We reached out to Easy Street Capital to learn more about their hard money loans and this is what we found:

  • Interest rates range from 6.9% – 10.9%
  • Points range from 2-3
  • There is a $1495 document fee
  • No minimum credit score required
  • Down payments of at least 10% required
  • Renovation financing ok
  • Fix and Flip loans do not typically have prepayment penalties

When you’re ready to connect with a loan officer, use our form to quickly match with eligible loan programs based on your specific circumstances.

How are Nevada hard money loans from other loans?

Hard money loans are significantly different than traditional loans from big banks and credit unions. Unlike traditional mortgage lenders offering federally backed loans or conventional loans, Nevada hard money lenders do not fall under the regulatory oversight and rules of those loans. That means lenders have more leeway in setting terms and conditions for those loans. That’s a good thing for borrowers who do not want to use their private savings to purchase and renovate unproven investment properties but who may not have access to funding anywhere else.

Also important is that these loans are often based on the after repair value of the home or what it is worth after the lender makes repairs on it. This is often significantly higher than what the property is worth at the time of the purchase due to the number of renovations that need to be done to improve the livability and value of the homes. Typical loans will use the current property value to determine if the real estate is worth the loan.

Nevada hard money loans also typically have different requirements in terms of down payments and credit scores of borrowers, but investors will ensure properties are worth the investment before they will lend. Keep in mind that these loans are competitive, and in some cases, borrowers may not receive the funds. Yet, this is less likely to be a concern with these lenders than it is with traditional loans.

Hard money loans are designed to be more accessible, but they do cost more. Interest rates are often double or more than that of traditional loans. Investors have to keep in mind those costs when making the decision to obtain these loans, ensuring that their investment is worthwhile in the long term.

If you’re looking to explore hard money in other states, check out our national overview of hard money lenders as a starting point in your search.

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Joshua Holt

Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.

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